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if you look at the chart, you can see that the most income from our taxes come from individual taxes. the third bar is corporate taxes and you can see the 7.9%. now, we have about $200 billion from corporate taxes. that is how much our government received from corporations. that was for prfits in the year 2011. $2 trillion. if you can figure it out, that's a 10% tax rate. in other words, there are so many deducons and special deals for the high rollers, the big people. even at 35%, we don't get a good deal. neil: mitt romney got in trouble when he tried to clarify just that view. but i'm not going to lower taxes as much as you think, i'm going to get rid of a lot of deductions and he left himself open to critics who said wait a minute, you were tax cuts are worth the paper they are printed on. but the goal is to get to a simpler tax code that when you takout some of the extraneous write-offs and allowances, credits, etc., and that he will get it something that makes it a black-and-white case,. >> and there is a question which is why don't politicians wanted. you would assume that they
if you look at the chart, you can see that the most income from our taxes come from individual taxes. the third bar is corporate taxes and you can see the 7.9%. now, we have about $200 billion from corporate taxes. that is how much our government received from corporations. that was for prfits in the year 2011. $2 trillion. if you can figure it out, that's a 10% tax rate. in other words, there are so many deducons and special deals for the high rollers, the big people. even at 35%, we don't get...
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but not dictions sufficient to take the taxes up. we hope the middle class will have a tax reduction even with the elimination of deductions and putting a cap on deductions actually gives more credibility because you can give the middle class more deductions. the governor also said if you have more incomes, you pay lower caps, in other words $17,000. the idea that taxes on the well-to-do and the successful and those who are making a lot money will not go down. middle classing we hope they will stay where they are, or come down. coming down is a possibility. the important part of this tax plan, is to remember, when you earn, say you earn $200,000 and you have $20,000 worth of deductions, so now you paying tax on $180,000. if you paid tax at 35 percent rate, obviously the rate will be below $35 percent because you do not pay on full $200,000. governor romney is saying reduce that rate and every dollar you earn offer the amount that uses up the tax deductions, you will pay the lowest rate on. it will encourage people to earn more money,
but not dictions sufficient to take the taxes up. we hope the middle class will have a tax reduction even with the elimination of deductions and putting a cap on deductions actually gives more credibility because you can give the middle class more deductions. the governor also said if you have more incomes, you pay lower caps, in other words $17,000. the idea that taxes on the well-to-do and the successful and those who are making a lot money will not go down. middle classing we hope they will...
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we've had -- the tax, the church tax, we had the [inaudible] tax, we the grammy tax, panic at the pump. we had dinner, we country surface with rebekah brookes. [laughter] [laughter] he said the text remember? lol. [laughter] now what do we have? the minister murdoch becoming the minister for the national whole service. we have an international development secretary. she says she doesn't believe in international development. [laughter] again, e with have a party chairman who writes books about how to beat the recession under a false name. [laughter] i'm not making it up. i'm really not making it up. i have to say, if i was chairman of the conservative party, i would have a false name too. there it is. [applause] but here's my farted one, of course, -- my favorite one of all. he made an appointment in order to resign but david cameron was too competent to know that he wanted to resign. he's still in the government. they are so useless, they can't even resign properly. it's up to us. let he say to you, one tbhaition it another way of avoiding the difficult decisions. it's a way of making
we've had -- the tax, the church tax, we had the [inaudible] tax, we the grammy tax, panic at the pump. we had dinner, we country surface with rebekah brookes. [laughter] [laughter] he said the text remember? lol. [laughter] now what do we have? the minister murdoch becoming the minister for the national whole service. we have an international development secretary. she says she doesn't believe in international development. [laughter] again, e with have a party chairman who writes books about...
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david: president obama almost certain to characterize mitt romney's tax plans tonight as tax cuts for the rich, or awe kise him of advocating trickle-down economics as he has done before but is that a fair characterization. where did it come from? famed economist thomas sowell has been looking into all this. he wrote an essay, trickle down theory and tax cuts for the rich published by hoover institution press and professor sowell joins us now. professor, always an honor to have you here. thanks for coming in. >> thanks for having me. david: so has any republican actually ever advocated something called trickle-down economics? >> neither a republican nor a democrat, nor member of any other group, nor any human being that i know of ever advocated that. david: so where does it come from? >> it comes from people who are opposed to tax cuts and who say that the people who want the tax cuts just want to give more money to the rich and in hopes their prosperity will trickle down. no one has ever said that. years ago in my column i challenged anyone to name any human being who had ever said i
david: president obama almost certain to characterize mitt romney's tax plans tonight as tax cuts for the rich, or awe kise him of advocating trickle-down economics as he has done before but is that a fair characterization. where did it come from? famed economist thomas sowell has been looking into all this. he wrote an essay, trickle down theory and tax cuts for the rich published by hoover institution press and professor sowell joins us now. professor, always an honor to have you here. thanks...
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tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map of where the tresh is, now you get this opinion letters from lawyer, if you follow one every one of these steps, you can get your treasure untaxed to the cayman islands. one of the things the times points out because of the way these were set up and the fees they were charged against them, the less taxes paid by those who were investing, the greater the sum available and therefore the higher the fees that romney collected. >> karen finney, romney, you get the sense the romney campaign expected that the tax return story was a story
tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map...
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mitt romney and common sense conservatives will cut taxes on the middle class. and they'll close loopholes for millionaires. obama and his liberal allies? we can't afford four more years. [ romney] i'm mitt romney and i approve this message. >> well, we are happy to say that the dog is making a recovery. >> the dog was stabbed after an incident. we went out to find out how she is doing. >> with her shaved skin you can still see the scars on this two- year-old. they were worried that she would not make it. it was stabbed seven times. it was following a domestic dispute. >> we were very concerned. >> several of the wounds were serious. michael is an officer with the washington humane society. he has been out there rescuing abused pets. >> i was surprised what happened. in this case, she recovered and is resting. >> walking around. >> how can you do that to that poor little thing? there are some sick people in the world. >> it was thought that the suspect has mental issues. the dog is loving life. >> there are others. you can find them on our website. >> you can le
mitt romney and common sense conservatives will cut taxes on the middle class. and they'll close loopholes for millionaires. obama and his liberal allies? we can't afford four more years. [ romney] i'm mitt romney and i approve this message. >> well, we are happy to say that the dog is making a recovery. >> the dog was stabbed after an incident. we went out to find out how she is doing. >> with her shaved skin you can still see the scars on this two- year-old. they were...
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cut taxes and we will see growth. this is such the overstimulated economy we have so much government doesn't this change the algorithms? >> it does. the tax rate reduction is necessary but not sufficient we have to get at of the hands to read -- regulate large segments is everybody said bill the house and cut down the tree they did not say you could not do any of those under the epa. lou: obama appeals to the middle-class as he will try tonight unemployment over 8% it has ben devastating. how this the have a compelling message the shambles of the middle-class? >> he is not afraid of the truth he does not want the american people to know the work force is shrinking and it is more profitable for the american people to be on the dole and for them to go out to work that has made the workforce shrink and make it smaller. >> how does governor romney convince the people that are watching and make it compelling he could change the destiny of the correction and of the country within two minutes or maybe the rebuttal? >> he doe
cut taxes and we will see growth. this is such the overstimulated economy we have so much government doesn't this change the algorithms? >> it does. the tax rate reduction is necessary but not sufficient we have to get at of the hands to read -- regulate large segments is everybody said bill the house and cut down the tree they did not say you could not do any of those under the epa. lou: obama appeals to the middle-class as he will try tonight unemployment over 8% it has ben devastating....
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they want people to say to them, here is my specifics as to how it will help you and help tax reform is going to help you. here's how health care reform the mitt romney will help you specifically as a woman. a lot of these economic reformss o have very unique benefits fos n because of the role that they play in the economy. gerri: women, men, and family and all of the above. appreciate your time, kimberly. come back again soon. well, a victory in pennsylvania for democrats. a judge has blocd the state new election day. democrats said the requirement was an attempt to defeat president obama and republicans claimed it was to prevent voter fraud. meanwhile,n all-important state of ohio, early voting kicked off today. people able to vote by mail or in person without having to give a reason. if you are fired up about this or any other issues, drop me an e-mail at gerri@foxbussiness.com. >> coming up on "the willis report", the economy at a crossroads with the fiscal cliff looming. but it delayed a housing crisis as well? our panelists duke it out next. and high frequency trading. we have
they want people to say to them, here is my specifics as to how it will help you and help tax reform is going to help you. here's how health care reform the mitt romney will help you specifically as a woman. a lot of these economic reformss o have very unique benefits fos n because of the role that they play in the economy. gerri: women, men, and family and all of the above. appreciate your time, kimberly. come back again soon. well, a victory in pennsylvania for democrats. a judge has blocd...
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i'm editor of the tax blog, tax blocks, and we're here to discuss taxes and the fiscal cliff. washington lives in sue perlatives. everything that happens here is the biggest, the worst, or the most important. how many times, for instance, have you been told that some politician is about to give the speech of his life until he gives the next speech? the taxmeggedon has the potential to be a watershed in fiscal policy. it's true. it could be another way to kick the can down the road, but it could be a tipping point to end a decade of fiscal gridlock. yesterday, the tax policy center released a new study on the cliff, and we'll talk in details, but to summarize, it found tax increases due to occur at the end of 2012, if they last for all of 2013, would raise taxes by $500 billion. the average household would pay $3500 more if this year's rules are in place. cbo says these tax hikes and hundredings of billions of dollars in discretionary spending cuts drives the economy back in recession and cost 2 million jobs. on the other hand, it also goes a long way in reducing the budget def
i'm editor of the tax blog, tax blocks, and we're here to discuss taxes and the fiscal cliff. washington lives in sue perlatives. everything that happens here is the biggest, the worst, or the most important. how many times, for instance, have you been told that some politician is about to give the speech of his life until he gives the next speech? the taxmeggedon has the potential to be a watershed in fiscal policy. it's true. it could be another way to kick the can down the road, but it could...
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they've been going back and forth delivering a lot of tax on the economy. the big question is you will see those great one-line jabs from either candidate. they can be great but they can also backfire. it depends on the body language and reaction. a lot of lot of the political analysts are going to be looking for those. -- >> catch abc news special coverage of the debate starting 6:00 tonight and after the debate catch the middle 8:00, neighbors 8:30 jeopardy 9:00. 9:30 wheel of fortune, katie at 10, breaking news as it happens on abc7 news at 11. >>> i get in my car and i see it is 70°. i started to wonder is it going to be cooler today? >> mike has the answer. >>> tricky forecast. timing of when the sea breeze is going to come in and start to cool us, about noon at the coast and start to filter into the bay during the afternoon. air mass is moving east that's when -- one of reasons why it is not going to be warm everywhere. we are still clear, still under high pressure visibility nearly unlimited everywhere. calm conditions winds out of of the west at sf
they've been going back and forth delivering a lot of tax on the economy. the big question is you will see those great one-line jabs from either candidate. they can be great but they can also backfire. it depends on the body language and reaction. a lot of lot of the political analysts are going to be looking for those. -- >> catch abc news special coverage of the debate starting 6:00 tonight and after the debate catch the middle 8:00, neighbors 8:30 jeopardy 9:00. 9:30 wheel of fortune,...
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is going to increase taxes across the board of the biggest tax increase in history on january 1st. and mitt romney understands that you have to have small business to grow these jobs. and that's the way we're going to invest in small businesses. take the job-killing obamacare regulations that will crush small businesses, but then give -- replace it with good policies that allow businesses to buy health insurance with what they need, buy it across state lines, have preexisting conditions covered. but the kind of policies that they won't be bankrupt and fined. and 20 million people are expected by this -- by the administration's own calculations, 20 million people -- i guess it was cbo said it would lose their coverage under obama care and that's not going to work for my state of virginia. >> i have to say, i hope he has your ability to go without taking a breath and have things that make sense. jim, let me ask, barbara talked about mitt romney wants to talk about his tax plan. i'm sure that the president wants to talk about mitt romney's tax plan too. specifically that promise to cu
is going to increase taxes across the board of the biggest tax increase in history on january 1st. and mitt romney understands that you have to have small business to grow these jobs. and that's the way we're going to invest in small businesses. take the job-killing obamacare regulations that will crush small businesses, but then give -- replace it with good policies that allow businesses to buy health insurance with what they need, buy it across state lines, have preexisting conditions...
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i was going to ask you the taxes issue. having the democrat lead on taxes can't be good for a republican. >> we had the second cycle in a row where obama's run and tried to neutralize a tax advantage. again, part of it and thas is what is really new to our poling. more afffluent people think obama is the biggest threat to them. lower income people think mitt romney is. we are seeing cultural differences by income that are interesting. >> the romney quality advantages what i want to do with you federal budget deficit up nine. dealing with china as an economic rival up eight. on the economy up three. changing business as usual in washington is dead even. if you are the obama campaign what concerns you the most here? the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong
i was going to ask you the taxes issue. having the democrat lead on taxes can't be good for a republican. >> we had the second cycle in a row where obama's run and tried to neutralize a tax advantage. again, part of it and thas is what is really new to our poling. more afffluent people think obama is the biggest threat to them. lower income people think mitt romney is. we are seeing cultural differences by income that are interesting. >> the romney quality advantages what i want to...
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that it will be taxed at 35%. you're allowed to act as if it is your money being invested which it is not. it is a lie! and he think -- he says that will limit capital and the growth of jobs. it is crap! these guys shave that extra money they make off and they send it to the cayman islands. they park it someplace else. it is crap. and that's why he won't say it. that's why he has to speak around it. >> stephanie: i think the president -- i'm really -- i'm unnaturally excited about tonight's debate. >> you will be drunk. >> stephanie: i'm not. political geek nirvana. 29 minutes after the hour. right back. hump days with hal on "the stephanie miller show." >> stephanie: she was eight. >> eight. >> stephanie: prime minister david cameron accidently left his daughter in a bar. >> there is a difference. >> stephanie: that's a mix up. >> she was finishing his red barrel. >> stephanie: there was a mix up after a family lunch at a publish. >> of course. (vo) what is said here could decide the election. current tv presents
that it will be taxed at 35%. you're allowed to act as if it is your money being invested which it is not. it is a lie! and he think -- he says that will limit capital and the growth of jobs. it is crap! these guys shave that extra money they make off and they send it to the cayman islands. they park it someplace else. it is crap. and that's why he won't say it. that's why he has to speak around it. >> stephanie: i think the president -- i'm really -- i'm unnaturally excited about...
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we'll get to the deductions but the cut in tax rates. >> the cut in tax rates is lower all americans tax rates by 20%. >> how much does that cost? >> it's revenue lowering. you can -- >> i have to -- you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> yesterday mitt romney finally gave in, sort of. he didn't detail the deductions he intends to eliminate, but at least offered a few suggestions. >> you could say everybody is going to get up to a $17,000 deduction and use your charitable deduction or your home mortgage deduction or others, health care deduction and fill that bucket, the $17,000 bucket that way and higher income people might have a lower number or do it by the same method that bowles-simpson did it, limiting certain deductions, that's the sort of thing you do with congress. >> so there you go. that's the sort of thing he's talking about. romney's campaign emphasized after the interview those ideas are actually not part of his plan writing -- mark halperin, as you know, i'm an easily confused person
we'll get to the deductions but the cut in tax rates. >> the cut in tax rates is lower all americans tax rates by 20%. >> how much does that cost? >> it's revenue lowering. you can -- >> i have to -- you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> yesterday mitt romney finally gave in, sort of. he didn't detail the deductions he intends to eliminate, but at least offered a few...
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i had to look at every single tax available, a sales-tax and income-tax, you name it. i have done it. so did the lieutenant governor at the time. that is something the lieutenant governor of the time said was our responsibility. you would not know anything about it. what you do not do is do your job as a legislator, worried problems will come along later, to try to run a campaign. >> i do not blame you. >> went over and over again, there is nothing else to suggest. that is all you do. >> there is nothing else to suggest that. i am sorry, mr. sadler, i think you lied. i am sorry you want to attack me personally. and impugn my character. i do not intend to reciprocate. that is a misstatement. there's a sharp policy different between the policies you have advocated and are advocating. i also think -- >> let him finish, please. >> if you will stop him in a reasonable time -- he just goes on for 20 minutes. >> we only have two minutes left ear. we will try to wrap up. >> mr. cruz, if you are successful, you will be the junior senator for texas. as i have said before, there
i had to look at every single tax available, a sales-tax and income-tax, you name it. i have done it. so did the lieutenant governor at the time. that is something the lieutenant governor of the time said was our responsibility. you would not know anything about it. what you do not do is do your job as a legislator, worried problems will come along later, to try to run a campaign. >> i do not blame you. >> went over and over again, there is nothing else to suggest. that is all you...
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sentencing today for former county firee's officials pleaded guilty to extortion and tax evasion. he was part of the same e that led tohem of former county executive jack johnson. he admitted to partnering with bribe developers to public officials for favors to the greenbelt station development projects. police investigating the stabbing death of a man in last night near intersection of 30 oates street and naylor road. clear, the motive, but no one has been arrested. residents are urged to boil water after major. the alert waseaks after a 12-inch main connecting storage tank and the water plant broke. has now been fixed. the alert will remain in effect until virginia officials can test the samples of the water. process should be done by midday tomorrow. bouys hopes someone will man robbing a dry cleaner in northwest d.c. armed robbery happened last in the 1300 block of florida avenue. man entered the store around , displayed a gun, and took off with cash. if you have information, contact d.c. police. >> the washington redskins getting involved in the fight expand gambling in maryl
sentencing today for former county firee's officials pleaded guilty to extortion and tax evasion. he was part of the same e that led tohem of former county executive jack johnson. he admitted to partnering with bribe developers to public officials for favors to the greenbelt station development projects. police investigating the stabbing death of a man in last night near intersection of 30 oates street and naylor road. clear, the motive, but no one has been arrested. residents are urged to boil...
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asked if woe release more taxes. there needs to be some kind of tax question tonight because the reality is that a lot of folks don't earn very much money in places here like denver are paying a higher percentage of their income than romney. romney believes there should be lower rates for investments but hasn't explained why it is fair that he pays a lower rate. >> quick on your list of questions, many have been asked to the candidates at some point or certainly, prepared to answer. will you be stunned if the questions on the stimulus on the case of the president or taxes, to romney, go unanswered without the candidate being specific? >> well, i won't be surprised at all but the nice thing about a debate is that i think the moderator, jim lehrer, is going to take a step back and allow the clash between the candidates. i think if romney gives a nonanswer to that question we just talked about obama will say, no, answer that question and that will generate an exciting back and forth and make for a great debate. sfeefrnl
asked if woe release more taxes. there needs to be some kind of tax question tonight because the reality is that a lot of folks don't earn very much money in places here like denver are paying a higher percentage of their income than romney. romney believes there should be lower rates for investments but hasn't explained why it is fair that he pays a lower rate. >> quick on your list of questions, many have been asked to the candidates at some point or certainly, prepared to answer. will...
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with respect to the governor plans for tax reform, he has a plan , pro-growth plan to cut taxes for the middle class because he will allow them to save and invest tax-free. unlike president obama, he has no plans to raise taxes. president obama has plans to raise taxes in this term and the next term. if he does that, he will plunge us off the fiscal cliff to another recession. this is why this choice facing the american people is critical. >> bret: when you hear the obama campaign and all the folks say, and interview after interview say we want specifics of how these loopholes will close and how you will pay for $5 trillion in tax cuts, are we going to hear it tonight? >> i think what you will hear from governor romney is the same thing we heard from president reagan in 1986. in 1986, the last time we undertook substantial tax reform, president reagan or ticklated -- articulated his principles. he laid out the broad guideline and gue him in his negotiation with congress. we did something great for the american people back then. we pushed down rates. that created economic expansion. that
with respect to the governor plans for tax reform, he has a plan , pro-growth plan to cut taxes for the middle class because he will allow them to save and invest tax-free. unlike president obama, he has no plans to raise taxes. president obama has plans to raise taxes in this term and the next term. if he does that, he will plunge us off the fiscal cliff to another recession. this is why this choice facing the american people is critical. >> bret: when you hear the obama campaign and all...
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the third voice, hey, let's eliminate income tax, corporate tax. let's abolish the irs. let's replace all of that with a one federal consumption tax. i am embracing the fair tax, which think is really the answer to american jobs, in a 0 corporate tax rate environment. i say the private sector creates tens of millions of jobs. melissa: we know what you would bring to the table. can you handicap for us what you think the other two guys are going to do tomorrow night? who has got the strength? who has got the weakness? how will it come out? >> let me offer a prediction. either one of them get elected,e are going to find ourselves with a heightened police state. we're going to find ourselves in a state of continued military intervention that has resulted in hundreds of millions of enemies to this country that but for those military interventions would otherwise not exist. and that we find ourselves in a continued state of spending, and debt that are absolutely not sustainable. my prediction. melissa: we know that from polls that you trail both candidates by a pretty wide mar
the third voice, hey, let's eliminate income tax, corporate tax. let's abolish the irs. let's replace all of that with a one federal consumption tax. i am embracing the fair tax, which think is really the answer to american jobs, in a 0 corporate tax rate environment. i say the private sector creates tens of millions of jobs. melissa: we know what you would bring to the table. can you handicap for us what you think the other two guys are going to do tomorrow night? who has got the strength? who...
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$2,000, while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >>> what a great story. adam greenburg got a rousing ovation as a pinch hitter for the marlins last night. he struck out on three pitches. he got hit in the head on the first pitch he saw at his first major league at bat more than seven years ago. he never made it back to the majors until last night. he still suffers from positional vertigo as a result of that ball hitting him in the head. >> how dangerous sports can be, right? >> quirky in the major leagues. if you get walked or hit by a pitch, it doesn't count as an official at bat. technically, yesterday was his first at bat. it's like if you ever saw field of dreams moon light graham, that was the thing, he had given up his dream to play baseball. walked and it didn't count. i watch too many movies. >> good ones. >> yes, i do. >> dave ross is here. >> let's talk about t
$2,000, while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >>> what a great story. adam greenburg got a rousing ovation as a pinch hitter for the marlins last night. he struck out on three pitches. he got hit in the head on the first pitch he saw at his first major league at bat more than seven years ago. he never...
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>> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if so, to what level?" when someone says that about social programs, i want to also hear the answer to the question, "what are you doing with military spending? and how do you justify the tradeoff? we've gotta get the revenue someplace. where are you willing to cut? and if not, why not? when you're putting really valued things on the table. and simply saying that the wealthy are going to pay more doesn't solve the problem. the wealthy are going to need to pay more, but so is what most people define as the middle class, and there are going to be cuts across the board, including the military,
>> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if...
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/ryan tax plan will raise taxes on middle-class families with a child, one or more children by an additional $2,000 a year. how -- all kidding aside, without the boos. stop all that malarkey. this is deadly ernest, man. this is deadly ernest. how they can justify -- how they can justify raising taxes on the middle class that's been buried the last four years. how in lord's name can they justify it? >> the romney campaign picked up on that middle class being buried for the last four years during which president obama was in the white house while campaigning in iowa. paul ryan did not miss the opportunity to seize on biden's choice of words. >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. of course the middle class has been buried. they're being buried by regulations. they're being buried by taxes. they're being buried by borrowing. they're being buried by the obama administration's economic failures. >> the romney campaign also chimed in on twitter writing agree with joe biden. the middle class has been buried the last
/ryan tax plan will raise taxes on middle-class families with a child, one or more children by an additional $2,000 a year. how -- all kidding aside, without the boos. stop all that malarkey. this is deadly ernest, man. this is deadly ernest. how they can justify -- how they can justify raising taxes on the middle class that's been buried the last four years. how in lord's name can they justify it? >> the romney campaign picked up on that middle class being buried for the last four years...
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$2,000, while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >>> you can tell it is pretty foggy out there as we start our day. keep the headlights on. >> it looks like an airline runway. >> we've seen this shot before when it is foggy. >> that is oxon hill. >> there you go, folks. keep that in mind when you head out. there is a panda. the panda keepers at national zoo say mei xiang is getting back to her normal self. we are glad to hear that. this is a photo of her venturing into her outdoor enclosure over the weekend. it was the first time she went out since her cub passed away. >> she still spends most of her afternoon by herself in the depend. the zoo says she is eating better. tough times. >> it is sad. we are glad she is eating and getting back to normal. definitely not normal outside. >> things have gotten very foggy. our visibilities are being reduced as we speak and i think
$2,000, while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >>> you can tell it is pretty foggy out there as we start our day. keep the headlights on. >> it looks like an airline runway. >> we've seen this shot before when it is foggy. >> that is oxon hill. >> there you go, folks. keep that in...
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$2,000 while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the content of this advertising. [ female announcer ] who will raise taxes on the middle class? barack obama and the liberals already have. to pay for government-run healthcare, you'll pay higher taxes and more for your medicine. and their plan includes a trillion dollars in higher taxes. even on the middle class. mitt romney and common sense conservatives will cut taxe on the middle class. and they'll cse loopholes for millionaires. obama and his liberal allies? we can't afford four more years. [ romney] i'm mitt romney d i approve this message. >> live and in hd, this is "good morning washington," on your side. >> candidates have never lost an -- one an election with a debate but what if you have lost them up the candidates share the spotlight in the first presidential debate before the election. >> leave yourself extra time this morning because it is fo
$2,000 while giving a tax break of $250,000 to multimillionaires. doesn't mitt romney understand we can't rebuild america by tearing down the middle class. priorities usa action is responsible for the content of this advertising. [ female announcer ] who will raise taxes on the middle class? barack obama and the liberals already have. to pay for government-run healthcare, you'll pay higher taxes and more for your medicine. and their plan includes a trillion dollars in higher taxes. even on the...
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taxes and cut everyone's income tax by 20%. the math doesn't seem to add up there. the other striking thing being he picked paul ryan, the man known for putting out -- at least more details than mitt romney, but he has not embraced. ryanism to me, at least, the core is we're going to be detailed about what conservative policy means. romney's not embraced that at all. >> good luck tonight. thank you both. new next, tick tock, tick tock. let's clear the air from a mile up. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with
taxes and cut everyone's income tax by 20%. the math doesn't seem to add up there. the other striking thing being he picked paul ryan, the man known for putting out -- at least more details than mitt romney, but he has not embraced. ryanism to me, at least, the core is we're going to be detailed about what conservative policy means. romney's not embraced that at all. >> good luck tonight. thank you both. new next, tick tock, tick tock. let's clear the air from a mile up. look, if you have...
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first, we creaeate a million new manufacturing jobs... and help businesses double their exports... give tax breaks to companies that... invest in america, not that ship jobs overseas. second, we cut our oil imports in half and produce more... american-made energy. oil, clean coal, natural gas... and new resources like wind, solar, and biofus. all while doubling the fuel efficiency of cars and trucks. third, we ensure thahat we maintain the best workforce... in the world by preparing a hundred thousand additional... math and science teachers; training two million... americans with the job skills they need at our community... colleges; cutting the growth of tuition in half and... expanding student aid so more americans can afford it. fourth, a balanced plan to reduce our deficit by... four trillion dollars over the next decade, on top of the... trillion in spending we've already cut. i'd asthe wealthy to pay a little more. and as we end the war in afghanistan... let's apply half the savings to pay down our debt and... use the rest for some nation-building... right here at home. it's time for
first, we creaeate a million new manufacturing jobs... and help businesses double their exports... give tax breaks to companies that... invest in america, not that ship jobs overseas. second, we cut our oil imports in half and produce more... american-made energy. oil, clean coal, natural gas... and new resources like wind, solar, and biofus. all while doubling the fuel efficiency of cars and trucks. third, we ensure thahat we maintain the best workforce... in the world by preparing a hundred...
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. >> bob: i do think that obama will ask romney to explain the tax plan. ryan said it was too complicated to explain. >> eric: obama is not going to ask romney anything. >> bob: listen, they all end up asking each other questions. >> eric: what i would do if i'm romney, no matter what they ask, just go right back to the economy. just go right back to the economy. throw numbers out there. just stay on this. >> andrea: going tough and hard. but he can't go too hard and too tough, then the media says he's angry, now he's an angry rich man. >> bob: come up with the numbers you talk about. obama has to defend numbers but so does romney. >> eric: what number does he have to defend? >> bob: how he will cut taxes and balance the budget? >> dana: he has a good answer. obama has a tougher time explaining how in 2008, he ran on one thing regarding taxes. in 2010 he changed his mind to protect his tail. then now his whole plan is against what he said in 2010, is worst thing to do for the country. >> bob: that debate has been out there and argued over and over for four
. >> bob: i do think that obama will ask romney to explain the tax plan. ryan said it was too complicated to explain. >> eric: obama is not going to ask romney anything. >> bob: listen, they all end up asking each other questions. >> eric: what i would do if i'm romney, no matter what they ask, just go right back to the economy. just go right back to the economy. throw numbers out there. just stay on this. >> andrea: going tough and hard. but he can't go too hard...
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>> how they can justify, how they can justify raising taxes on the middle class that's been buried the last four years. >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states! >> today, heavy hitters are fighting back. senator marco rubio just now in denver. >> the last four years the american middle class has been buried. those aren't my words. those happened to be the words of the distinguished vice president of the united states, mr. joe biden. no, don't boo. he's the best thing we got going, guys. >> and how's this for trail mix? mitt romney got more than he bargained for when he posed at chipotle after ordering a burrito bowl in a photo op that's an internet sensation. good day, andrea mitchell live in denver at the site of tonight's presidential debate, the first time in five years that barack obama and mitt romney are going to be face-to-face in what the local newspaper is headlining as the duel in denver. joining m
>> how they can justify, how they can justify raising taxes on the middle class that's been buried the last four years. >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states! >> today, heavy hitters are fighting back. senator marco rubio just now in denver. >> the last four years the american middle class...
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? >>> welcome back to fox 5 morning news. wednesday, october 3rd, 2012. live look outside at i-270 right now. it is 5:30 in the morning. there is some fog. we have a little bit of rain this morning. >> i like how he said that. >> just a tiny bit. >> wisdom has a good voice for that. >> a second career after a retire. fog. >> fog horn. >> it is even denser in some areas than that, isn't it? >> a dense fog advisory for parts of the area. anne arundel county and out to the west too. you don't need a dense fog advisory to find some dense fog. you saw it is pretty much area- wide with all the rain we had yesterday. so a couple of extra minutes for your morning commute probably a good idea. let's take a look at our r
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? >>> welcome back to fox 5 morning news. wednesday, october 3rd, 2012. live look outside at i-270 right now. it is 5:30 in the morning. there is some fog....
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will probably be around tax reform and spending. if we can get through the next year, something along the lines of the simpson-bowles deal, lowering the rate and broadening the base, the target on spending of the next in years, something between the rhineland and simpson-bowles, and then have energy policy. i think natural gas will be the most powerful boon to our nation's bottom line than we have seen in probably two decades and could very well established a review of our manufacturing muscle in this country and what our expectations ought to be going forward. i think it will be hugely consequential, economically. that is just an example of maybe three things that could be allies, without wandering off into all the reform areas. probably not realistic, given the reality of the political constraints over the next many months. >> we all tend to project the recent past into the future. there has been a lot of legislation passed in the last 20 years. there is right in 1981, obviously, with his initial budget. reagan 1986, tax reform, g
will probably be around tax reform and spending. if we can get through the next year, something along the lines of the simpson-bowles deal, lowering the rate and broadening the base, the target on spending of the next in years, something between the rhineland and simpson-bowles, and then have energy policy. i think natural gas will be the most powerful boon to our nation's bottom line than we have seen in probably two decades and could very well established a review of our manufacturing muscle...
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. >> how they can justify raising classes in the middle -- raising taxes in the middle class which has been buried. >> reporter: romney said they have been buried. the obama campaign says ryan took mr. biden's comments out of context. in washington, susan mcginnis, cbs news. >> what are the facts and what you're hearing tonight is going to be just spin? we'll sort it all out for you this evening as we fact check the candidates in real time as they speak. we're teaming up with our partners at "u.s.a. today." we'll get the job done together. it starts at 9:00 p.m. on wusa9.com. we'll live stream the debate there on our website and be sure to watch 9news now at 11:00 for the most accurate debate coverage. >>> if you're not being avoiced from all the political signs clogging the medians of the virginia highways, there's a reason for that. there's not there anymore. lawmakers got rid of the law which used to allow the signs. right now not even political signs are allowed along public roads. >> too many. you get a little annoyed. >> looks like a lot of chaos. >> they can cause sight distance
. >> how they can justify raising classes in the middle -- raising taxes in the middle class which has been buried. >> reporter: romney said they have been buried. the obama campaign says ryan took mr. biden's comments out of context. in washington, susan mcginnis, cbs news. >> what are the facts and what you're hearing tonight is going to be just spin? we'll sort it all out for you this evening as we fact check the candidates in real time as they speak. we're teaming up with...
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lana tweeted us i would like to hear the 20 percent tax plan of romney and ryan. they need to give up some specifics. >> mike said i would like for them to sincerely answer our questions and not go off on their political talking points. that's a good one, mike. >> thanks everyone who responded keep those comments coming. don't forget fox's coverage starts live at 8:55 with megyn kelly and bret baier. we will have all of the highlights here on fox and friends first tomorrow morning. >>> 8 minutes to the top of the hour. a dog finding himself in an unwanted joy ride. how he became stuck under the hood. >> can you figure out our word of the day? stick around for the answer. we sa that last tide commercial with the parts and the cute litt baby triplets... well wait until your triplets move back home after colle. we were enjoying our empty nest. and now it's just a nest full of laundry lucky underwear. we were going through so much of that bargain detergent... and the clothes didn't look as good. but since we switched to tide, we use much less. their clothes are lookin
lana tweeted us i would like to hear the 20 percent tax plan of romney and ryan. they need to give up some specifics. >> mike said i would like for them to sincerely answer our questions and not go off on their political talking points. that's a good one, mike. >> thanks everyone who responded keep those comments coming. don't forget fox's coverage starts live at 8:55 with megyn kelly and bret baier. we will have all of the highlights here on fox and friends first tomorrow morning....
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no one likes taxes. including myself. ultimately, we have to pay for the core investments that make this economy is strong. >> let's not raise anybody's taxes. >> i am not sure if you could hear or see that clip as well, but the facial expressions were interesting to watch. what can we learn from that? >> well, the president is obviously president. that is one of the more memorable saturday night live ksits. -- skits. he does not want to be on the defensive. he looks like he was explaining in a way that ordinary folks could relate to. he ended up winning ohio four years ago. the president is going to be much more presidential tonight. he will not be like that. they will be standing behind a podium set so they will not be sitting behind a round table. the president is not debated since 2008. in the early primaries when he was debating hillary clinton, he was not very good. it took him awhile to get into stride. one of the things we are watching closely is the first half hour of the debate. most people only watch the first
no one likes taxes. including myself. ultimately, we have to pay for the core investments that make this economy is strong. >> let's not raise anybody's taxes. >> i am not sure if you could hear or see that clip as well, but the facial expressions were interesting to watch. what can we learn from that? >> well, the president is obviously president. that is one of the more memorable saturday night live ksits. -- skits. he does not want to be on the defensive. he looks like he...